Most Popular
-
1
Korean labor force to shrink by 10 million by 2044: report
-
2
[AtoZ Korean Mind] Does your job define who you are? Should it?
![[AtoZ Korean Mind] Does your job define who you are? Should it?](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/06/20240506050099_0.jpg&u=)
-
3
Allegations surrounding BTS resurface, enraged fans demand apology
-
4
Students with history of violence will be barred from becoming teachers
-
5
Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
![[AtoZ Korean Mind] Does your job define who you are? Should it?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/06/20240506050099_0.jpg&u=)
U.S. private-equity giant Carlyle is among the three suitors for KDB Capital, an equipment leasing and venture capital firm 99.9 percent owned by the state-run Korea Development Bank, local reports said Monday.
Also in the running are a local private equity fund set up by Seoul-based SK Securities and a nonfinancial company based in Korea.
Also in the running are a local private equity fund set up by Seoul-based SK Securities and a nonfinancial company based in Korea.
The bank is selling its entire stake in KDB Capital whose book value is around 600 billion won ($514 million). The three have submitted their nonbinding bids for the shares in last week’s preliminary round of auction.
This is the second time that KDB has tried to sell its stake. Its previous attempt, in November, failed due to lack of interest from buyers. SK private equity was the sole bidder then.
Credit Suisse and Samil PwC are managing the sale.
The final bidding round is scheduled for May, KDB said.
By Lee Sun-young (milaya@heraldcorp.com)
-
Articles by Korea Herald
![[K-pop's dilemma] Is Hybe-Ador conflict a case of growing pains?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/05/07/20240507050746_0.jpg&u=)